The Educational Employees' Supplementary Retirement System of Fairfax County (Va.) has committed $13 million to Centerbridge Partners Real Estate Fund II (CPREF II), the second opportunistic real estate fund managed by Centerbridge Partners.
CPREF II is targeting $1.5 billion in equity commitments; however, a hard cap has not yet been set, according to a document from Meketa Investment Group.
CPREF II will opportunistically invest throughout the capital structure across public and private markets. The strategy has three areas of focus, targeting direct property investments, real estate–related operating companies, and real estate–related loans and securities.
During expansionary and exuberance stages, investments will be focused on properties and operating companies, wh
